Pogge's solution to global poverty is not as good as it may seem
Pogge’s Global Resource Dividend (GRD) has been criticised as an unrealistic or impractical proposal, but there are also significant normative objections to his argument. Not only could the GRD effects be less predictable than Pogge supposes, but they could also be counter-productive to his main aim. Pogge’s solution to eradicating systemic poverty, that is poverty caused by our failure to assist and our failure ‘not to harm’, has been a global resource dividend. The proposal is based on the idea that the global poor own an inalienable stake in all limited resources, and thus the GRD says that states shall not have full libertarian property rights over the natural resources (although retaining sovereignty), but can be required to share a small part of the value of any resources they decide to use and sell. The GRD would focus on those resources that have a negative environmental impact, and would work as a tax levied at the point of extraction. Meant to be a practical, easy to ...